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Chord Energy (CHRD) guidance and outlook
Chord Energy (CHRD) raised some and lowered other parts of its guidance on Nov 4, 2026: Free cash flow +1% for FY2026; Free cash flow $200M for FY2026; Capital expenditures $50.0M for FY2026; EBITDA $1.6B for FY2026. Chord Energy's 10-Q filed Nov 5, 2026 makes 11 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Free cash flow | FY2026 | +1% | new |
| Free cash flow | FY2026 | $200M | new |
| Capital expenditures | FY2026 | $371M | new |
| Capital expenditures | FY2026 | $50.0M | lowered |
| EBITDA | FY2026 | $1.6B | raised |
| Capital expenditures | Q4 2026 | $330M | raised |
| Revenue | Q4 2026 | +8% to +8.4% | new |
| Revenue | FY2026 | +8.1% to +8.2% | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- • our ability to complete or realize the anticipated benefits from acquisitions or divestitures, including the divestiture of our non-operated interest in the Marcellus Shale;
- • our ability to successfully forecast future operating results and manage activity levels with ongoing macroeconomic uncertainty;
- We recorded a $246.0 million loss on derivative instruments for the three months ended September 30, 2026, which included an unrealized loss of $197.3 million related to the change in fair value of our commodity derivative contracts primarily driven by an upward shift in the futures curve for forecasted oil commodity prices, coupled with a realized loss on settled commodity derivative contracts of $48.7 million.
- During the three months ended June 30, 2026, we recorded a $107.9 million net gain on derivative instruments, which included an unrealized gain of $201.0 million related to the change in fair value of our commodity derivative contracts primarily driven by a downward shift in the futures curve for forecasted commodity prices, partially offset by a realized loss on settled commodity derivative contracts of $93.1…
- The increase was primarily attributable to an increase of $8.1 million in equity-based compensation expenses, an increase of $5.2 million in employee compensation costs and higher current expected credit losses of $3.8 million period over period, partially offset by merger-related costs of $8.1 million incurred during 2025 related to the arrangement agreement we entered into to acquire Enerplus Corporation during…
- During the nine months ended September 30, 2026, we recorded a $379.6 million loss on derivative instruments, which included an unrealized loss of $219.3 million related to the change in fair value of our commodity derivative contracts primarily driven by an upward shift in the futures curve for forecasted oil commodity prices, coupled with a realized loss of $160.3 million on settled commodity derivative contracts.
- The $80.8 million gain on commodity derivative contracts included an unrealized gain of $47.2 million related to the change in fair value of our commodity derivative contracts primarily driven by a downward shift in the futures curve for forecasted commodity prices and a realized gain of $33.6 million on settled commodity derivative contracts.
- In addition, we have announced a return of capital plan pursuant to which we intend to return capital to stockholders through dividend payouts, supplemented by opportunistic share repurchases.
- Although we are unable to predict future interest rates, any resulting disruption to the broader economy and financial markets may reduce our ability to access capital or result in such capital being available on less favorable terms, which could in the future negatively affect our liquidity.
- Under the terms of these contracts, if we fail to deliver, transport or purchase the committed volumes we will be required to pay a deficiency payment for the volumes not tendered over the duration of the contract.
- We believe that for the substantial majority of these agreements our future production will be adequate to meet our delivery commitments or that we will be able to purchase sufficient volumes of crude oil, NGL and natural gas from third parties to satisfy our minimum volume commitments.
Chord Energy's latest quarter
Chord Energy, Q3 2026: revenue $1.7B (+30% year over year), operating margin 29.6%, net earnings $182M, operating cash flow $781M. The chart follows the revenue to costs, profit and cash.
Questions
Did Chord Energy raise or lower its guidance?
Chord Energy (CHRD) raised some and lowered other parts of its guidance on Nov 4, 2026: Free cash flow +1% for FY2026; Free cash flow $200M for FY2026; Capital expenditures $50.0M for FY2026; EBITDA $1.6B for FY2026.
What does Chord Energy expect?
• our ability to complete or realize the anticipated benefits from acquisitions or divestitures, including the divestiture of our non-operated interest in the Marcellus Shale; • our ability to successfully forecast future operating results and manage activity levels with ongoing macroeconomic uncertainty; We recorded a $246.0 million loss on derivative instruments for the three months ended September 30, 2026, which included an unrealized loss of $197.3 million related to the change in fair value of our commodity derivative contracts primarily driven by an upward shift in the futures curve for
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.